Involvement in Crown's Extensive retail deposit scheme has permitted for Joint Building Society. The Southern-Cross society, The Canterbury, and The Marac Finance, and the secondary financial service of Pyne Gourd Corp. are in middle of merging the proposal. This is primarily operated through this joint building society.

To become a Registered Bank, the merger has been sought. For this they have to go through the basic registrations requirements of the Reserve Bank.

Under this guarantee scheme of deposit, organization may recommend non-guaranteed and guaranteed deposits along with definite deposits offering least interests.

The institutions enclosed with comprehensive guarantee are Fisher & Paykel Finance, PGG Wrightson Finance and Wairarapa Building Society. Expenditure of NZ $ 178 Million has already been done over 6000 depositors after fair mortgages were received this November.

This Scheme came into effect last year in October after the expiry of original scheme that started in 2008. So there is a strong recommendation that delay must be prohibited. Deputy Secretary of Treasury Philip Combes during the previous month has stated that amongst the eight unsuccessful companies 38456 depositors had made a payment of NZ $1.83 billion.